Newfoundland Power Inc.: Rating Report

On October 4, 2021, DBRS Limited (DBRS Morningstar) confirmed Newfoundland Power Inc.’s (Newfoundland Power or the Company) Issuer Rating and First Mortgage Bonds rating at "A.” All trends are Stable. The ratings are supported by the Company’s stable regulated operations, mainly consisting of electricity distribution; the reasonable regulatory regime under the Board of Commissioners of Public Utilities (PUB); and a solid inancial profile.